
Stock recommendations for 23 December from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: The Indian stock market finished with significant gains on Monday, 22 December, amid a rebound in the Indian rupee and positive global cues. Extending gains to the second consecutive session, the Sensex ended 638 points, or 0.75%, higher at 85,567.48, while the Nifty 50 closed at 26,172.40, gaining 206 points, or 0.79%.
The BSE Midcap index rose by 0.86% and the Smallcap index jumped 1.12%. Investors earned about ₹4 trillion in a single session, with market capitalization of BSE-listed firms rose to ₹475 trillion. On the Sensex, Infosys, Bharti Airtel, and ICICI Bank were among the top contributors to the gains in the benchmarks.
Only three stocks–State Bank of India, Kotak Mahindra Bank, and Larsen and Toubro–ended in the red. Buy: Jain Resource Recycling Ltd (current price: ₹420) Buy: Aditya Infotech Ltd (current price: ₹1,599) Indian equities ended Monday’s session on a firm footing, with benchmarks extending gains amid broad-based buying. Nifty 50 settled at 26,172.4, up 206 points or 0.79%, after trading within a narrow intraday range and holding above 26,000 throughout the session.
Sensex also closed higher in tandem, reflecting sustained investor confidence. Market breadth was decisively positive, with 2,255 stocks advancing against 924 declines, underscoring strong underlying participation across segments. On the sectoral front, IT stocks outperformed, with Nifty IT index rising more than 2%, aided by selective buying in large-cap names.
Metals, FMCG, Pharma, and Auto also contributed to the upside, while Banks posted modest gains, led by private lenders. Nifty Consumer Durables was the lone pocket of mild weakness. Mid and small-cap stocks continued to see
. Read on livemint.com